Some experts believe you are going to need a million dollars saved for a comfortable retirement.
Today 10,000 Baby Boomers turned 65. Another 10,000 will turn 65 tomorrow.
To be eligible for Medicare you need to be 65. The earliest you can collect Social Security is 62 unless you are widowed.
Social Security was never meant to be your sole source of income during retirement, so look into having at least two more income streams.
You can’t rely on mom and dad to fund your retirement, so build your own retirement fund.
The mother of all birthdays has come and gone and the first of the Boomers are now getting senior discounts when they go to the movies.
If you are a Boomer, your retirement planning has been scrutinized in the media for the last ten years.
Forty-Somethings are at the tail end of the Boomer generation.
So is working going to be part of your retirement plan?
In doing research for one of my books, “The Complete Idiot’s Guide to Retiring Early”, I found that early for most people was retiring at 55.